Al Dar Properties has announced launching sales on the second phase of West Yas villas project. The project is the first of its kind in Abu Dhabi to be only offered for Emirati citizens.
The marketing starts on off-plan villas of four bedrooms or five bedrooms. The company mentioned that the first phase which consisted of 300 villas were completely sold out.
The second-phase villas are located along the mangroves and are expected to be delivered by the end of 2017. Al Dar Chief Development Officer, Talal Al Dhiyebi, mentioned that West Yas villas appeals for Emiratis citizens looking for luxury residence and long-term investment.
In another respect properties prices in Abu Dhabi has witnessed a slight decline during the latter months as villas and properties prices dropped in average by 4% due to various exogenous reasons.
Developers in Abu Dhabi have decided to hold on construction of more homes in order to reinstate balance in the market once again which spurred a number of projections of more stable market in the near future.